Grant: $1,687,201 - Department of Agriculture - Jun. 9, 2009
0% voted satisfied - 100% voted not satisfied - 1 vote(s) cast
Award Description: The cost of feed has risen dramatically in recent years. The State will use these funds to provide feed credits to eligible aquaculture producers who have experienced at least a 25% price increase in feed cost during 2008. This will reduce the burden on the producers and provide more aquaculture products at reasonable prices to the citizens of Texas.
Project Description: The 2008 Aquaculture Grant Program is designed to assist aquaculture producers for losses associated with high feed input costs during the 2008 calendar year. Producers were eligible to receive assistance in the amount of their 2008 average feed price less the states 2003-2007 5 year average feed price, multiplied by the producers total feed deliveries in calendar year 2008. Texas producers were qualified for a total of $3,745,806.01. The total award granted to Texas was $1,687,201, requiring all grants to be proportionately reduced. Assistance was provided to producers in the form of feed credits, which may only be applied to future feed purchases. During the quarter, applications were accepted, reviewed, and awards were made based on an established formula. No payments to feed mills occurred during the quarter ending September 30, 2009.
Jobs Summary: No jobs are expected to be created or retained with this program. (Total jobs reported: 0)
Project Status: Less Than 50% Completed
This award's data was last updated on Jun. 9, 2009. Help expand these official descriptions using the wiki below.